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Force Placing Hazard on a Foreclosure

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  • January 11, 2018 at 11:17 am EST #12245
    SVaught0816
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    If we have a property in foreclosure can we still force place hazard insurance on it? If so, are we still required to send the 45 day notice before doing so?

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  • January 21, 2018 at 6:47 pm EST #12482
    kowsley
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    Is there a need to force-place hazard? Does the bank have a blanket policy in place for protection on properties that are in foreclosure? If the borrower is going to be assessed a charge for coverage that is placed then all regulatory requirements would need to be met, including the 45 day notice and 15 day reminder notice.

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